SOLD
Sold on 01 Dec 2023 for $980,000

8 Oxide Way
Wedgefield WA 6721

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 532m2
Land area: 3015m2
Sold By
Dave Rowe
Crawford Realty South Hedland
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Property Details for 8 Oxide Way, Wedgefield

Building Type
Commercial
Year Built
2015
Floor Size
532m2
Land Size
3015m2
Local Government
Port Hedland
Lot/Plan
115/P068912

Last Listing description (December 2023)

Prized Wedgefield Corner Site!

Don't miss the opportunity to secure a prime industrial site in the heart of Wedgefield that offers solid net returns for an investor or perhaps a company with an eye to the future to owner occupy!

Either way the property is currently leased to a strong local company with a great history in the Pilbara The current lease in place to December 2024 with a 2 year option taking the lease to December 2026 and offers solid returns to an investor.

The property itself has an impressive front reception and office areas with a modern facade and large shade sails providing a touch of class to visiting customers. The front office area leads to the large workshop with high truss roof and dual roller door access.

The lard yard consists of substantial concrete parking area with the rest of yard being level, compacted cracker dusted and fully fenced.

Further property details:

- Land Area 3015 m2
- Main office / reception area approx. 110 m2
- Large clear span workshop approx. 400 m2
- Dual roller door access
- Three phase power
- Two large offices and reception area
- Separate lunch room / storeroom in workshop
- Excellent facilities
- Quality kitchen area

Confidential lease details are available on request but the property offers a good income level, solid return and potential lease through to December 2026!

For further information and inspection contact Dave Rowe 0400 313 566

Disclaimer:
Crawford Realty makes every effort to ensure the information provided on this property is deemed to be correct at the time of publishing. Prospective buyers should view the property before making their decision.

Property History for 8 Oxide Way, Wedgefield, WA 6721

A timeline of how this property has performed in the market
Last Sold
$980,000
01 Dec 2023
Listed for Rent
18 Dec 2018
  • 01 Dec 2023
    Sold for $980,000
  • 16 Nov 2023
    Listed for Sale $980,000
  • 18 Oct 2018
    Listed for Rent $2 / year
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About Wedgefield 6721

The size of Wedgefield is approximately 18.1 square kilometres. The population of Wedgefield in 2011 was 621 people. By 2016 the population was 145 showing a population decline of 76.7% in the area during that time. The predominant age group in Wedgefield is 40-49 years. Households in Wedgefield are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wedgefield work in a trades occupation. In 2011, 39.9% of the homes in Wedgefield were owner-occupied compared with 27.3% in 2016..

Wedgefield has 473 properties. Over the last 5 years, Houses in Wedgefield have seen a -42.92% decrease in median value, while Units have seen a -82.91% decrease. As at 31 October 2024:

  • The median value for Houses in Wedgefield is $510,407 while the median value for Units is $338,469.
  • Houses have a median rent of $3,000.
There are currently 5 properties listed for sale, and 1 property listed for rent in Wedgefield on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in Wedgefield.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.